Examlex
Which of the following transactions does not affect total assets?
Current Assets
Items that are likely to be cashed in, sold off, or used up within one year or during the usual operating period of a company.
Indirect Method
An approach used in cash flow statements to adjust net income for non-cash transactions and changes in working capital to calculate operating cash flow.
Operating Activities
Activities that constitute the primary or main activities of a business, including the production, sale, and delivery of its products and services.
Direct Method
A way of preparing the cash flow statement in which actual cash receipts and payments are reported, rather than adjusting net income for changes in non-cash accounts.
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